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  • #4,361
  • Jan 21, 2013 12:07pm Jan 21, 2013 12:07pm
are these days really hard to trade or it seem only to me ?
  • #4,362
  • Jan 21, 2013 1:09pm Jan 21, 2013 1:09pm
Quoting ezz
A FTB set-up i am watching closely this week
Not a pair I trade or have any experience with - the overall location looks good to me, would be preferable for the SR and demand zone to have a clearer decision point level just prior to the breakout though.
  • #4,363
  • Jan 21, 2013 1:11pm Jan 21, 2013 1:11pm
Quoting tinkerbelle
are these days really hard to trade or it seem only to me ?
Monday's are generally slow moving at the best of times add in a US public holiday and you get a day like today.

I wasn't trading this afternoon at all but this pre-planned FTB triggered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GCHF M30 1.png Size: 32 KB
Click to Enlarge Name: GCHF M30 2.png Size: 39 KB
  • #4,364
  • Jan 21, 2013 2:26pm Jan 21, 2013 2:26pm
Quoting lovejoy80
Monday's are generally slow moving at the best of times add in a US public holiday and you get a day like today.

I wasn't trading this afternoon at all but this pre-planned FTB triggered.
Good morning Mark.......well, good morning for me!

Took the GBPCHF trade last night after looking at the whys and wherefores on my chart and woke to green pips this morning. How good is that!
So good to be able to view your trading room charts, take the knowledge learned from your videos and apply it to see why you have marked-up your charts the way you have. I didn't just go and mark up mine the same - where's the learning in that? No, I went through the TFs looking for the SR, DP, FLR etc, compared my results with your yours and actually had a couple of ah-ha moments after realising a couple of small mistakes.
So all-in-all after my first time in your trading room, a valuable learning experience. Thank you

Best regards

Graham
  • #4,365
  • Jan 23, 2013 5:14am Jan 23, 2013 5:14am
My first FTB trade triggered tonight on AUDCAD, take a look. Thanks Mark, I finally feel like I'm on the right track. Now back to some chart watching and backtesting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1-23 AUDCAD 15min.png Size: 90 KB
Click to Enlarge Name: 1-23 AUDCAD 1min.png Size: 80 KB
  • #4,366
  • Jan 23, 2013 5:26am Jan 23, 2013 5:26am
EURNZD M30 FB I took this morning - strong material FB which suggests this is more likely a sign of 'true rejection' rather than demand consumption (remember last weeks webinar in this regard).

Don't expect price to come close to that low again so a conservative SL placed above the FB bar low.

All out at FLR (would have actually liked to have targeted more but it moved too fast for me to remove my TP order).
Attached Image (click to enlarge)
Click to Enlarge Name: enzd.png Size: 115 KB
  • #4,367
  • Jan 23, 2013 6:54am Jan 23, 2013 6:54am
Quoting freeze
My first FTB trade triggered tonight on AUDCAD, take a look. Thanks Mark, I finally feel like I'm on the right track. Now back to some chart watching and backtesting.
What was the basis of your setup as not sure I can see it?
  • #4,368
  • Jan 23, 2013 6:55am Jan 23, 2013 6:55am
Quoting Hammondnz

I didn't just go and mark up mine the same - where's the learning in that? No, I went through the TFs looking for the SR, DP, FLR etc, compared my results with your yours and actually had a couple of ah-ha moments after realising a couple of small mistakes.


  • #4,369
  • Jan 23, 2013 8:02am Jan 23, 2013 8:02am
Does this make more sense? Of course, price could have easily reacted a little lower instead, but I was pretty confident in my stop behind the 1.04403 DP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01-23 2 AUD_CAD, 1 Hour .png Size: 49 KB
Click to Enlarge Name: 01-23 3 AUD_CAD, 5 min.png Size: 76 KB
Click to Enlarge Name: 01-23 4 AUD_CAD, 5 min .png Size: 69 KB
  • #4,370
  • Jan 23, 2013 9:44am Jan 23, 2013 9:44am
Sold EU @ 1.33383 and closed 2/3 @ 1.3322 for +32.6 pips. Leaving 1/3 to run.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5M 001.jpg Size: 72 KB
  • #4,371
  • Jan 23, 2013 9:58am Jan 23, 2013 9:58am
Quoting Balhana
Sold EU @ 1.33383 and closed 2/3 @ 1.3322 for +32.6 pips. Leaving 1/3 to run.
Closed remainder @ 1.3269 for + 69.3 pips (6.3R). +101.9 pips in total.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H 001.jpg Size: 110 KB
  • #4,372
  • Jan 23, 2013 1:43pm Jan 23, 2013 1:43pm
Access details for tonight's webinar have gone out - if you haven't received them (there were a few last week) and you are on the mailing list then send me an email to [email protected] (I'll keep a look out in the next 15mins for anyone having problems).
  • #4,373
  • Jan 24, 2013 7:28am Jan 24, 2013 7:28am
COFFEE ... Possible SHS...

Attached Image (click to enlarge)
Click to Enlarge Name: coffee_daily.jpg Size: 112 KB
  • #4,374
  • Jan 24, 2013 8:33am Jan 24, 2013 8:33am
Quoting SlyQsx
COFFEE ... Possible SHS...

Attachment
Advertise much?

Ontopic: Nice setup.
I don't need easy. I just need possible.
  • #4,375
  • Jan 25, 2013 3:08am Jan 25, 2013 3:08am
hi LJ,
I took this as a FB setup...hit SL
can you give your opinion?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 25.01. eur chf.gif Size: 13 KB
  • #4,376
  • Jan 25, 2013 3:38am Jan 25, 2013 3:38am
Quoting pex
hi LJ,
I took this as a FB setup...hit SL
can you give your opinion?
thanks
A pair I'd be cautious on myself.

The FB itself is not material enough for me.
  • #4,377
  • Jan 25, 2013 4:09am Jan 25, 2013 4:09am
WTI FTB setup from yesterday.

Took a circa BE on this myself as price came pretty close to my TP before reversing.

As I mentioned in the webinar on Wednesday, I'm a momentum based trader so I'm not likely to hold a trade for long periods after the initial order-flow based rejection has occurred. By that I mean I'm not going to hold a trade for the sake of it in the hope that the supply price has been rejected from will hold again on another retest and overcome the demand / buying strength (unless I can see a good reason from a location and mulit-TF perspective why I expect this supply to hold).

In this specific example - everything I've expected from a price action perspective has occurred i.e. price has reacted at the clear inner supply within the large zone and we've had the typical FTB style quick rejection - I would need a good reason to continue to hold onto this trade when it comes back to test that supply again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WTI M30 1.png Size: 33 KB
Click to Enlarge Name: wti m30 3.jpg Size: 92 KB
  • #4,378
  • Jan 25, 2013 4:13am Jan 25, 2013 4:13am
An NU FTB that triggered overnight that is a good example of 'basing' and it's on an FTB and how I personally would analyse this type of scenario.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu h1 1.png Size: 38 KB
Click to Enlarge Name: NU H1 2.jpg Size: 103 KB
Click to Enlarge Name: NU H1 3.jpg Size: 124 KB
Click to Enlarge Name: NU H 4.png Size: 39 KB
  • #4,379
  • Jan 25, 2013 4:48am Jan 25, 2013 4:48am
LJ, you like this level as the Daily Retest Strategy? It closed below (+ some failures to close below in the days before ), and now we wait for a pullback to enter short (To where, you know best )

Attached Image (click to enlarge)
Click to Enlarge Name: cable daily.jpg Size: 118 KB


H1:

Attached Image (click to enlarge)
Click to Enlarge Name: cable daily level result.jpg Size: 124 KB
I don't need easy. I just need possible.
  • #4,380
  • Jan 25, 2013 11:08am Jan 25, 2013 11:08am
Quoting DaGrizlyBull
LJ, you like this level as the Daily Retest Strategy? It closed below (+ some failures to close below in the days before ), and now we wait for a pullback to enter short (To where, you know best )

Attachment

H1:

Attachment

Yes that was a valid setup - though it's not technically as good as the GCHF - do you know why?

Clear supply on lower TF on GU which I'd be using for entry and SL placement.

Next Daily Retest Strategy (DRT) video to be uploaded tomorrow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gudaily.png Size: 28 KB
Click to Enlarge Name: gum30.png Size: 26 KB
Click to Enlarge Name: gchf.jpg Size: 80 KB
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